T Boone Pickens – An American Capatalist Died at 91

Who is T Boone Pickens?

T Boone Pickens was an American capitalist. He was born on May 22, 1928, in Holdenville, Oklahoma, US. He died on September 11, 2019, at the age of 91, in Dallas, Texas, US. Pickens was born to Grace and Thomas Boone Pickens. 

Pickens, at the age of 12, worked as distributing the newspaper. He then cited his boyhood job as a presentation to “expanding quickly by acquisition”. That became a business practice that he selected later in life.

Education

Firstly, Pickens went to Texas A&M on a basketball scholarship. However, after falling the scholarship, he moved to Oklahoma A&M. There he majored in Geology.

The career of T Boone Pickens

After graduation, Pickens worked in Phillips until 1954. Later, by 1981, Mesa grew as one of the largest independent oil companies in the world. Pickens led Mesa’s first significant acquisition. He then started to focus on acquiring other oil and gas companies by solicited and unsolicited buyout bids. Pickens became a celebrity during the 1980s due to corporate acquisition.

Pickens was at the centre of attraction in the 1980s. His celebrity rose fastly after the Gulf Oil took over Time magazine. At the time, he was characterized as a greenmailer and a corporate raider. This was happening as many of the deals were incomplete. Moreover, he received profits through the eventual sale of the stock. Also, he involved in the creation of the United Shareholders Association from 1986 to 1993.

Furthermore, Pickens chaired the Board of Regents in Canyon at West Texas State University. He was active in the Republican party. Also, he organized a campaign in the mid-1980s against the Amarillo Globe-News newspaper. Meanwhile, Pickens sold Mesa to Richard Rainwater in 1996. 

In 1997, Pickens found BP Capital Management, which represented Boone Pickens by its initials. He holds a 46% interest in the company. The company invests primarily in traditional energy companies like natural gas, oil, and nuclear power corporations.

Likewise, in 2006, Pickens was able to accumulate $990 million from his equity in the two funds and $120 million from the share. Similarly, in 2007, Pickens earned $2.7 billion, as BP Capital Equity Fund grew 24% after fees, and $590 million Capital fund grew by 40%.

Recently, Pickens is recognized by the Franklin Institute. Moreover, he received the 2009 Bower Award for Business Leadership for 50 years of visionary leadership. Also, for his philanthropic leadership, he is known as he contributed to education, medical research, and wildlife conservation.

Personal Life

Picken married to Lynn O’Brien in 1949. Also, the couple is blessed with four children. However, the couple separated in 1971.

Later, in April 1972, Picken married to Beatrice carr, Stuart. They adopted a daughter. 

Besides, Pickens also married Nelda Cain in November 2000. Also, they divorced in November 2004. They had no children together.

Further, Pickens, in 2005, married to Madeleine Paulson, third wife and widow of the founder of Gulfstream Aerospace, Allen E. Paulson. The couple also divorced in November 2004 and had no child together.

Likewise, Pickens’ also had proposed to Toni Chapman Brinker. Also, they married on February 14, 2014, and later in June 2017, they divorced.